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== Admissions and financial aid == === Admissions === {{Infobox U.S. college admissions|year=2022|ref=<ref>{{cite web |url=https://registrar.princeton.edu/sites/g/files/toruqf136/files/2020-02/CDS_2019-2020_0.pdf |title=Common Data Set 2019β2020 |publisher=Princeton University |access-date=May 1, 2021 |archive-date=April 16, 2021 |archive-url=https://web.archive.org/web/20210416110135/https://registrar.princeton.edu/sites/g/files/toruqf136/files/2020-02/CDS_2019-2020_0.pdf |url-status=live }}</ref>|change ref=<ref>{{cite web |url=https://registrar.princeton.edu/sites/g/files/toruqf136/files/2019-02/common_cds2014.pdf |title=Common Data Set 2014β2015 |publisher=Princeton University |access-date=May 1, 2021 |archive-date=May 2, 2021 |archive-url=https://web.archive.org/web/20210502033509/https://registrar.princeton.edu/sites/g/files/toruqf136/files/2019-02/common_cds2014.pdf |url-status=live }}</ref>|admit rate=5.6%|admit rate change=-1.6|yield rate=69.1%|yield rate change=-0.7|SAT EBRW=760|SAT Math=790|SAT Math change=+40|ACT=35|ACT change=+2|GPA=3.95|GPA change=+ 0.04|float=right}}Princeton offers several methods to apply: the [[Common Application]], the [[Coalition for College|Coalition Application]], and the [[QuestBridge|QuestBridge Application]].<ref name="Princeton-Apply-2016">{{cite web|date=August 9, 2016|title=How to Apply|url=https://admission.princeton.edu/how-apply|url-status=live|archive-url=https://web.archive.org/web/20210717191319/https://admission.princeton.edu/how-apply|archive-date=July 17, 2021|access-date=July 14, 2021|website=Undergraduate Admission|publisher=Princeton University|language=en}}</ref><ref>{{cite web|date=August 31, 2020|title=QuestBridge|url=https://admission.princeton.edu/how-apply/questbridge|url-status=live|archive-url=https://web.archive.org/web/20210717082732/https://admission.princeton.edu/how-apply/questbridge|archive-date=July 17, 2021|access-date=July 14, 2021|website=Undergraduate Admission|publisher=Princeton University|language=en}}</ref> Princeton's application requires several writing supplements and submitting a graded written paper.<ref name="Princeton-Apply-2016" /> Princeton's undergraduate program is highly selective, admitting 5.8% of undergraduate applicants in the 2019β2020 admissions cycle (for the Class of 2024).<ref name="CDS" /> The middle 50% range of [[SAT]] scores was 1470β1560, the middle 50% range of the [[ACT (test)|ACT]] composite score was 33β35, and the average high school GPA was a 3.91.<ref name="CDS" /> For graduate admissions, in the 2021β2022 academic year, Princeton received 12,553 applications for admission and accepted 1,322 applicants, with a yield rate of 51%.<ref name="Princeton-Costs" /> In the 1950s, Princeton used an ABC system to function as a precursory early program, where admission officers would visit [[feeder schools]] and assign A, B, or C ratings to students.<ref>{{Cite news|last=Fallows|first=James|date=September 2001|title=The Early-Decision Racket|work=[[The Atlantic]]|url=https://www.theatlantic.com/magazine/archive/2001/09/the-early-decision-racket/302280/|access-date=June 20, 2021|archive-date=June 22, 2021|archive-url=https://web.archive.org/web/20210622195445/https://www.theatlantic.com/magazine/archive/2001/09/the-early-decision-racket/302280/|url-status=live}}</ref>{{Efn|Example feeder schools visited included [[Phillips Exeter Academy]], [[Phillips Academy Andover]], and [[Groton School]], among others. Moreover, an A was likely admission, B was possible, and C was unlikely.}} From 1977 to 1995, Princeton employed an [[early action]] program, and in 1996, transitioned to an [[early decision]] program.<ref name="PrincetonUniversity-2011">{{cite web|date=February 24, 2011|title=Princeton to reinstate early admission program|url=https://www.princeton.edu/news/2011/02/24/princeton-reinstate-early-admission-program|url-status=live|archive-url=https://web.archive.org/web/20200926100647/https://www.princeton.edu/news/2011/02/24/princeton-reinstate-early-admission-program|archive-date=September 26, 2020|access-date=October 25, 2015|publisher=Princeton University}}</ref> In September 2006, the university announced that all applicants for the Class of 2012 would be considered in a single pool, ending the school's early decision program.<ref>{{cite web|date=September 18, 2006|title=Princeton to end early admission|url=https://www.princeton.edu/main/news/archive/S15/86/07G08/|url-status=live|archive-url=https://web.archive.org/web/20210318173701/https://www.princeton.edu/news/2006/09/18/princeton-end-early-admission|archive-date=March 18, 2021|access-date=October 25, 2015|publisher=Princeton University}}</ref> In February 2011, following decisions by the [[University of Virginia]] and Harvard University to reinstate their early admissions programs, Princeton announced it would institute a single-choice early action option for applicants,<ref name="PrincetonUniversity-2011" /> which it still uses.<ref name="Princeton-Apply-2016" /> Princeton reinstated its [[transfer students]] program in 2018 after a three decade moratorium; the program encourages applicants from low-income families, the military, and community colleges.<ref>{{cite web|last=Hotchkiss|first=Michael|date=May 9, 2018|title=Princeton offers admission to 13 students in reinstated transfer program|url=https://www.princeton.edu/news/2018/05/09/princeton-offers-admission-13-students-reinstated-transfer-program|url-status=live|archive-url=https://web.archive.org/web/20210525034951/https://www.princeton.edu/news/2018/05/09/princeton-offers-admission-13-students-reinstated-transfer-program|archive-date=May 25, 2021|access-date=July 22, 2021|publisher=Princeton University|language=en}}</ref><ref>{{Cite news|last=Nadworny|first=Elissa|date=December 4, 2018|title=Top Colleges Seeking Diversity From A New Source: Transfer Students|work=[[NPR]]|url=https://www.npr.org/2018/12/04/667381514/top-colleges-seeking-diversity-from-a-new-source-transfer-students|access-date=July 22, 2021|archive-date=July 22, 2021|archive-url=https://web.archive.org/web/20210722221514/https://www.npr.org/2018/12/04/667381514/top-colleges-seeking-diversity-from-a-new-source-transfer-students|url-status=live}}</ref> === Costs and financial aid === As of the 2021β2022 academic year, the total cost of attendance is $77,690.<ref>{{cite web|date=September 19, 2016|title=Fees & Payment Options|url=https://admission.princeton.edu/cost-aid/fees-payment-options|url-status=live|archive-url=https://web.archive.org/web/20210717084345/https://admission.princeton.edu/cost-aid/fees-payment-options|archive-date=July 17, 2021|access-date=July 14, 2021|website=Undergraduate Admission|publisher=Princeton University|language=en}}</ref> 61% of all undergraduates receive financial aid, with the average financial aid grant being $57,251.<ref name="CDS" /> Tuition, room, and board is free for families making up to $65,000, and financial aid is offered to families making up to $180,000.<ref>{{cite web|date=September 27, 2016|title=Financial Aid by the Numbers|url=https://admission.princeton.edu/cost-aid/financial-aid-numbers|url-status=live|archive-url=https://web.archive.org/web/20210603083135/https://admission.princeton.edu/cost-aid/financial-aid-numbers|archive-date=June 3, 2021|access-date=July 14, 2021|website=Undergrad Admission|publisher=Princeton University|language=en}}</ref> In 2001, expanding on earlier reforms, Princeton became the first university to eliminate the use of [[student loan]]s in [[Student financial aid (United States)|financial aid]], replacing them with grants.<ref name="Moroz-2001">{{Cite news|last=Moroz|first=Jennifer|date=February 4, 2001|title=Princeton Promises Undergraduates 'No Loan' Policy|language=en-US|newspaper=[[Washington Post]]|url=https://www.washingtonpost.com/archive/politics/2001/02/04/princeton-promises-undergraduates-no-loan-policy/4a479bb4-acdd-4e50-91b9-e5cf5042a487/|access-date=July 13, 2021|issn=0190-8286|archive-date=June 13, 2024|archive-url=https://web.archive.org/web/20240613022407/https://www.washingtonpost.com/archive/politics/2001/02/04/princeton-promises-undergraduates-no-loan-policy/4a479bb4-acdd-4e50-91b9-e5cf5042a487/|url-status=live}}</ref>{{Sfn|Fiske|Lecuyer|p=566|2019}} In addition, all admissions are [[Need-blind admission|need-blind]], and financial aid meets 100% of demonstrated financial need.<ref>{{cite web|date=August 30, 2016|title=Cost & Aid|url=https://admission.princeton.edu/cost-aid|url-status=live|archive-url=https://web.archive.org/web/20210601100155/https://admission.princeton.edu/cost-aid|archive-date=June 1, 2021|access-date=July 6, 2021|website=Princeton University Admission|publisher=Princeton University|language=en}}</ref> The university does not use academic or athletic merit scholarships.<ref>{{cite web|date=September 19, 2016|title=How Princeton's Aid Program Works|url=https://admission.princeton.edu/cost-aid/how-princetons-aid-program-works|url-status=live|archive-url=https://web.archive.org/web/20210715050323/https://admission.princeton.edu/cost-aid/how-princetons-aid-program-works|archive-date=July 15, 2021|access-date=July 14, 2021|website=Undergraduate Admission|publisher=Princeton University|language=en}}</ref> In September 2022, Princeton announced that it would cover all costs for families earning $100,000 a year or less, with reduced costs for higher income families as well.<ref>{{Cite news |author-last1=Anderson|author-first1=Nick|date=8 September 2022|title=Princeton to cover all college bills for families making up to $100,000 |language=en-US |newspaper=[[The Washington Post]] |url=https://www.washingtonpost.com/education/2022/09/08/princeton-student-tuition-financial-aid/ |access-date=September 9, 2022 |issn=0190-8286 |archive-date=September 8, 2022 |archive-url=https://web.archive.org/web/20220908151201/https://www.washingtonpost.com/education/2022/09/08/princeton-student-tuition-financial-aid/ |url-status=live }}</ref> ''[[Kiplinger]]'' magazine in 2019 ranked Princeton as the fifth best value school in a combined list comparing [[Private university|private universities]], private [[liberal arts college]]s, and [[Public university|public colleges]], noting that the average graduating debt was $9,005.<ref name="Pitsker-2019">{{Cite news|last=Pitsker|first=Kaitlin|date=July 26, 2019|title=20 Best College Values in the U.S., 2019|work=[[Kiplinger]]|url=https://www.kiplinger.com/slideshow/college/t014-s003-20-best-college-values-in-the-u-s-2019/index.html|url-status=dead|access-date=July 13, 2021|archive-url=https://web.archive.org/web/20210318014454/https://www.kiplinger.com/slideshow/college/t014-s003-20-best-college-values-in-the-u-s-2019/index.html|archive-date=March 18, 2021}}</ref> For its 2021 rankings, the ''[[U.S. News & World Report]]'' ranked it second in its category for "Best Value Schools".<ref name="Sheinerman-2020">{{Cite news|last=Sheinerman|first=Marie-Rose|date=September 14, 2020|title=U. ranked No. 1 American university by U.S. News for 10th consecutive year|work=[[The Daily Princetonian]]|url=https://www.dailyprincetonian.com/article/2020/09/princeton-top-university-in-america-us-news-report-10-years|access-date=June 21, 2021|archive-date=June 2, 2021|archive-url=https://web.archive.org/web/20210602214408/https://www.dailyprincetonian.com/article/2020/09/princeton-top-university-in-america-us-news-report-10-years|url-status=live}}</ref>
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